The sale of a finished good on account
A) increases Cost of Goods Sold and decreases Finished Goods.
B) increases Cost of Goods Sold,decreases Finished Goods,increases Accounts Receivable,and increases Sales.
C) increases Sales Expense,decreases Finished Goods,decreases Cash,and decreases Accounts Receivable.
D) increases Work in Process,decreases Finished Goods,increases Accounts Receivable,and increases Sales.
Correct Answer:
Verified
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